Thursday, June 30, 2022 / by Emman Cristobal
A down payment is not the only thing you need to have when closing on your loan. Closing costs are expenses you pay the lender for the various services they provide for the approval of your mortgage.
Let’s dive into what closing costs are and how much you can expect to pay.
What Are Closing Costs?
Closing costs are processing fees and charges that you pay to your lender to cover the costs of services rendered for creating and finalizing your loan. These cover your home appraisal, origination and underwriting of a mortgage loan, taxes, real estate commissions, insurance premiums, and record filings to name a few.
How Much Do You Pay For Closing Costs?
Closing costs are usually about 3% to 6% of the price of your home. This means that a loan worth $200,000 can cost you between $6,000 to $12,000 in closing costs.
Buyers and sellers pay closing costs but the majority are usually shouldered by the buyer. You can negotiate with your seller to help cover ...
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Thursday, June 30, 2022 / by Emman Cristobal
Understand why you are selling your home. Your motivation to sell is a determining factor as to how you will approach the process. This will determine the asking price and how much time, effort and money you will be willing to invest in order to prepare your home to sell. A quick sale versus a longer period of marketing will involve making different decisions. Next, keep the reasons you are selling to yourself. Why you are selling your home is your business and keeping that confidential will help you and your realtor in the negotiating process. For example, if a buyer finds out that you need to move quickly, they may try to give you a low offer because they will think you are desperate to sell.
If asked, simply say that your housing needs have changed. Conversely, it is to your advantage to know what the buyer’s motivation is. Do they need to move quickly? If so, you can be in a better position to negotiate. As well, try not to set a deadline for selling. This adds unnecessa ...
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Tuesday, June 28, 2022 / by Emman Cristobal
Happy Freedom Month
We assume the rights of freedom and debate its boundaries in politics, yet how often do we take time to reflect on what freedom means to us personally? Freedom is not a concept carved from stone; it is malleable and personal, always
shifting shape depending on where you find yourself standing and the angle of the slanting light. My personal definition of freedom is the ability to act based on my convictions without external restriction or retribution. It is the ability to represent myself as I see myself to be, not having to hide or disguise who I am in order to pursue happiness, fulfillment, and growth. It is the power of free self-expression. Personal freedom is one of my top three values. Of course, there are boundaries to freedom. My actions should not hurt others or restrict their personal freedoms, and so this is the dance of conscience. Will what I want conflict with what others want or need? If so, how can I have the personal autonomy I need whil; ...
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Thursday, June 23, 2022 / by Emman Cristobal
What exactly happens from listing to sale when you hire our team? Once a private in-home diagnostic analysis has been performed, and you have a full understanding of what your home will sell for, our team will give you some tips on what to do, and more importantly, what not to do to get top dollar, as well as go over all the costs you will have.
So, you will know how much money you’ll have leftover after you sell your home. A custom advertising and marketing plan is prepared for your home after all the necessary information is obtained from you. When we meet with you at your home, we then create a customized marketing plan, fine tune it and then you write the ads, sales sheets, and other information about the home. This is important because we are only part of a small percentage of agents from all over North America that have invested over $18,000,000 learning advertising strategies and obtaining licensing rights to use exclusive ad copy.
In fact, in our market area, we are ...
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Thursday, June 23, 2022 / by Emman Cristobal
We successfully help homeowners sell their properties fast, for top dollar, with the least amount of hassle. Now, many real estate agents will say this, but we’ve back up our claims with statistics, customer success stories and written guarantees. Our exclusive VIP Seller Benefit System will give you superior results through our unique team approach, our exclusive and innovative consumer programs, our leading-edge technology and our specialized knowledge.
Experience tells us that for many, the selling of their home can at times be very stressful and emotional. Rest assured, we’re here to guide you through these unfamiliar waters, with professionalism expertise and a helping hand. Our system includes a team approach. You have a team of professionals working for you. Every one of our team members has a specific role to play in the selling of your home and we have exclusive and cutting-edge advertising, consumer and internet programs that will create more demand for your ...
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